Category
Category: Personal Finances
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Money Management for Middle Schoolers
Posted on September 18, 2018
Categories: Budgeting, General, Personal Finances, Savings
It is never too early to start teaching your children about money management. Research has shown that there has been a decrease in understanding finances and how to manage money in America’s youth. Teaching your children how to manage their money leads them to becoming financially responsible adults. Below are 5 money management tips you can use to teach financial literacy in your home.
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Jumpstarting Your Child’s Tuition Savings: How Much to Save
Posted on August 20, 2018
Categories: Budgeting, Financial Education, General, Personal Finances, Personal Loans, Savings
You only want the best for your child - but how much is the best? Figuring out the amount of money to begin putting away for your child’s tuition can be tough. Yes, they will be able to contribute, but it doesn’t hurt to help your baby get the educational future they deserve. That’s why Fairfax State Savings Bank offers some insight on what funds you should begin putting towards your child’s education today!
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How to Adult: Financial Starters
Posted on August 20, 2018
Categories: Budgeting, General, Personal Finances, Savings
It’s been said that youth is wasted on the young, but let’s not let that be true of those of you who are fresh into the adult world. We get it, many adults feel underprepared and overwhelmed at the amount of responsibilities that snowball after college or high school. Don’t fret! The fact that you are even taking the time to read this says that you are going to be okay. We have compiled a list of basic adult financial musts that will help you navigate this new terrain.
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3 Keys to Managing Your Money When You’re Self-Employed
Posted on August 20, 2018
Categories: Budgeting, General, Personal Finances, Savings
If you’re similar to 10 percent of the active American workforce, you are self-employed. Those who enjoy going into business for themselves find a great degree of freedom and empowerment. You have more value for your work, no uniforms, get to choose your customers, not to mention unlimited vacation days. However, these benefits can be quickly overshadowed by the effects of poor money management. In order to make your dream successful, there are certain key habits and skills you should have...
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Deep Cleaning for Retirement
Posted on June 20, 2018
Categories: Personal Finances, Retirement, Savings
It’s finally time! You’re getting close to taking a new path in life - but do you know where to begin? Retirement is an ideal time to declutter, as you may be downsizing or moving locations. Fairfax State Savings Bank offers a few ways you can deep clean for retirement, so you aren’t left with a mess!
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5 Things to Teach Your Teens About Financial Literacy
Posted on June 20, 2018
Categories: Budgeting, Financial Education, General, Personal Finances
With your babies growing up, it’s never too soon to start teaching them the art of being fiscally responsible - but where do you start? According to the Council for Economic Education, only 17 U.S. states require high school students to take a personal finance class in order to graduate. Fairfax State Savings Bank offers some great ideas on how you can begin teaching your child about financial literacy before they leave the nest.
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Relationships & Money: What Your Conflict Strategy Says About Your Finances
Posted on May 22, 2018
Categories: General, Personal Finances
“I think what makes people fascinating is conflict, it’s the drama, it’s the human condition. Nobody wants to watch perfection” (Nicholas Cage). If you’re human, you experience some degree of conflict daily. With the American expenditures averaging $157 per day, the purchase decisions you make every day are impacted by how you manage conflict. Understanding your conflict-resolution style can not only help you better understand and improve your financial obstacles,...
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Habits of Financially Mature People
Posted on May 22, 2018
Categories: Budgeting, Financial Education, Personal Finances, Savings
If you take a look around, you may notice that a majority of people from a variety of income levels seem stressed about their finances. Seventy eight percent of Americans are living paycheck to paycheck and debt is creeping up more and more every year. So what’s the secret for those who aren’t wealthy enough to be financially independent, but still manage to live the life they desire? We believe the difference is financial maturity and have collected top habits for you to integrate...
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How to Stay in Debt - Crushing Habits
Posted on April 27, 2018
Categories: Budgeting, Personal Finances
Nobody wants to be consumed with worrying about their finances. Debt for most people is a fact of life. Unless you have a stroke of luck with the lottery, or a Daddy Warbucks, you are probably unable to pay cash for life’s most important purchases: a car, house or your college education. The goal with debt is to take on good debt that will provide opportunities and income advancement. Bad debt is purchasing items with no return on your investment, with their value quickly depleting.
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Landscaping: 5 Tips to Increase Your Home’s Value
Posted on March 28, 2018
Categories: Mortgages, Personal Finances
Home improvement projects can be overwhelming and who wants to spend their free time camped out inside covered in sawdust on a beautiful spring day? Whether you want to put your home on the market now or in the future, here are a few simple tips to get you outdoors while increasing the resale value on your house!